Posted 2/23/2024, 8:33:00 AM
Filecoin and The Graph Rally Over 40% as Investors Bet on Decentralized Data Storage
- Filecoin's FIL token and The Graph's GRT rally over 40% in a week, boosting the CoinDesk Computing Index over 11%
- Filecoin integrating with Solana and upcoming Ethereum upgrades seem to be driving interest in decentralized storage coins
- Chainlink's LINK, despite being the Computing Index's largest holding, has dropped 10%
- The Computing Index tracks 32 projects focused on decentralized data storage and transfer
- Ethereum's blob storage upgrade may generate more demand for permanent decentralized storage like Filecoin and Arweave